Astoria Financial Corporation Names Patricia M. Nazemetz To Its Board Of Directors

   Astoria Financial Corporation Names Patricia M. Nazemetz To Its Board Of

PR Newswire

LAKE SUCCESS, N.Y., Dec. 19, 2012

LAKE SUCCESS, N.Y., Dec. 19, 2012 /PRNewswire/ --Astoria Financial
Corporation (NYSE: AF) (the "Company"), the holding company for Astoria
Federal Savings and Loan Association ("Astoria Federal"), announced today that
their Boards of Directors appointed Patricia "Pat" M. Nazemetz, effective
January 23, 2013, to serve as a director of both the Company and Astoria

Ms. Nazemetz, 62, a seasoned executive and board director, is Founder and
Principal of NAZ DEC LLC, a talent consultancy specializing in executive
succession strategies as well as the design of effective executive
transitions. Prior to this, Ms. Nazemetz was Corporate Vice President, Human
Resources at Xerox Corporation, responsible for all HR programs and
practices. In this role she advised and counseled the CEO and senior
management on matters including: Organizational Dynamics; Compensation and
Benefits; Learning and Development; Diversity and, Legal and Compliance
initiatives. She also served as the Chief Ethics Officer for Xerox. Ms.
Nazemetz is currently a member of the Board of Directors of WMS Industries, a
NYSE listed company,and chairs its Compensation Committee and is a member of
the Nominating & Corporate Governance Committee.

A graduate of Fordham University, Ms. Nazemetz holds a master's degree in
Philosophy and bachelor's degree in Mathematics. Pat has been supportive of
many organizations and charities. Locally, she serves on the Board of the
Catholic Health Services of Long Island, and chairs the Personnel and Benefits
Committee and serves as a member of the Compensation and Audit Committees.
She is also a member of the Board of Trustees of Fordham University, serving
on the Nominating & Corporate Governance Committee and the Mission and
Identity Committee. In addition, Pat has also served on the Physician Payment
Review Commission by Congressional appointment and was inducted into the YWCA
Academy of Women Achievers.

Commenting on Ms. Nazemetz's appointment, Ralph F. Palleschi, Chairman of the
Board of the Company and Astoria Federal and Monte N. Redman, a director,
President and Chief Executive Officer of both organizations, stated, "We are
extremely delighted that Pat will be joining the Boards of both Astoria
Financial Corporation and Astoria Federal. Her extensive management
background coupled with strong community leadership will serve us well as we
execute our business plan and implement strategies to enhance shareholder

Astoria Financial Corporation, with assets of $17.0 billion, is the holding
company for Astoria Federal Savings and Loan Association. Established in
1888, Astoria Federal, with deposits in New York totaling $10.5 billion, is
the largest thrift depository in New York and embraces its philosophy of
"Putting people first" by providing the customers and local communities it
serves with quality financial products and services through 85 convenient
banking office locations and multiple delivery channels, including its
enhanced website, Astoria Federal commands the fourth
largest deposit market share in the attractive Long Island market, which
includes Brooklyn, Queens, Nassau, and Suffolk counties with a population
exceeding that of 38 individual states. Astoria Federal originates
residential mortgage loans through its banking and loan production offices in
New York, a broker network in four states, primarily along the East Coast, and
through correspondent relationships covering nine states and the District of
Columbia. Astoria Federal also originates multi-family and commercial real
estate loans, primarily on rent controlled and rent stabilized apartment
buildings, located in New York City and the metropolitan area.

SOURCE Astoria Financial Corporation

Contact: Peter J. Cunningham, First Vice President, Investor Relations,
Press spacebar to pause and continue. Press esc to stop.